The Glass-Segal act,
a law passed in the
1930s that mandated
a separation of
lending and investment banking, was repealed
in 1999, Allowing
paper to Wall Street.
Congress to reinstate Glass-Segal
act...And prosecute Banking CEO's....
Naaa, NO WAY they would lose the
Banking lobby funding.
And Congress got the
Taxpayer to Bail the
banks out.
Europe, China and
Russia can just eat
their losses.
Congressmen can
continue to suckle
at the Banking teat.
Gerald
Paradigm Intel:\
Update: 03.18.09
Volker wants Glass Segal re-instated.\
G
.
Originally published at https://warintel.blogspot.com/2009/02/congress-to-reinstate-glass-segal-act.html on February 25, 2009.